The Editorial Team |

Tanzania central bank slashes its discount rate to 12 pct

DAR ES SALAAM (Capital Markets in Africa) – Tanzania’s central bank cut its discount rate to 12 percent from 16 percent to help spur lending and boost economic growth, the first time it has lowered borrowing costs since 2013. The cut, which the central bank said in a circular to commercial banks seen by Reuters becomes effective on Monday, follows a steep drop in private sector credit growth last year. “The discount rate which is applicable…

Mediterrania Capital Partners raises €250 million for third fund

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Malta/Barcelona (7 March 2017) – Mediterrania Capital Partners, the regional Private Equity firm focusing on growth investments for companies in North African and Sub-Saharan countries, announces its plans to raise €250 million for its third fund, Mediterrania Capital III (MC III). Through MC III, Mediterrania Capital will maintain its focus in North Africa while expanding into selected Sub-Saharan countries such as Ivory Coast, Senegal and Cameroon. The firm is planning to continue investing in strong…

Algeria foreign reserves to stay over $100 bln this year

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ALGIERS (Capital Markets in Africa) – Algeria’s foreign exchange reserves will come to at least $100 billion by the end of 2017 thanks to measures aimed at further reducing the country’s import bill, Prime Minister Abdelmalek Sellal said on Monday. The fall in global oil prices has hammered the state finances in OPEC member Algeria, where oil and gas account for 94 percent of total exports and 60 percent of the state budget. Energy earnings…

INTO AFRICA March 2017 Edition: Africa’s Lions: Trust in Fundamentals

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LAGOS, Nigeria, Capital Markets in Africa: Welcome to March edition of INTO AFRICA, the publication with fresh insight into Africa’s emerging capital markets. Please download by clicking: INTO AFRICA PUBLICATION: MARCH 2017 EDITION. Recent years have been challenging for Africa: so is the honeymoon over or did the wedding even take place? The oil price crash has had a serious impact on several African countries; the strength of the dollar is causing financing and FX issues; incidences of terrorism…

Sahel Capital and CardinalStone Capital Invest in Crest Agro Products, Nigeria

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LAGOS (Capital Markets in Africa) – Sahel Capital, fund managers for the Fund for Agricultural Finance in Nigeria (“FAFIN”) and CardinalStone Capital Advisers (“CCA”), a Nigerian Private Equity Fund Manager, are pleased to announce that definitive agreements have been executed for an investment in Crest Agro Products Limited (“Crest Agro”), an integrated cassava processor based in Kogi State. Founded in 2013, Crest Agro was set up to harness opportunities in the cassava starch sub‐sector. The…

Botswana keeps lending rate unchanged at 5.5%, sees low and stable inflation

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GABORONE (Capital Markets in Africa) – Botswana’s central bank maintained its benchmark Bank Rate at 5.50 percent and forecast low and stable inflation in the medium term, consistent with the 3-6 percent target range, that augurs well for accommodative monetary policy that can support lending to businesses and households. Bank Botswana (BB), which cut its rate by 50 basis points in August 2016, also said it aimed for a 0.26 percent upward rate of crawl…

The market’s premier pan-African trade finance gathering returns to Cape Town on March 9-10

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Peter Ndoro (SABC) Journalist & Broadcaster providing keynote address, with over 300 delegates expected in attendance Over 300 of the continent’s leading corporates, FIs, regulators, risk managers, lawyers, insurers and trade experts will convene at the Westin Cape Town on March 9-10 to assess the growth of one of the world’s fastest-developing regions. GTR Africa Trade Finance Week returns for its 11th year in 2017, which for the first time also includes the annual West…

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